With the Production Function $Y _ { t } = A _ { t } K _ { t } ^ { 1 / 3 } L _ { t } ^ { 2 / 3 }$

question 52

Multiple Choice

With the production function $Y _ { t } = A _ { t } K _ { t } ^ { 1 / 3 } L _ { t } ^ { 2 / 3 }$ , if we double ________, we have a constant returns production.

• A) capital
• B) capital, labor, and the stock of ideas
• C) capital and the stock of ideas
• D) capital and labor
• E) labor and the stock of ideas

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Definitions:

Imported Goods

Products or commodities that are brought into one country from another for the purpose of sale or trade.

Roanoke

Known as the "Lost Colony," it was the first English settlement in the New World that mysteriously disappeared in the late 16th century.

English Colonization

The process by which England established colonies in various parts of the world, including North America, during the 16th, 17th, and 18th centuries.

Indian Culture

The diverse and rich traditions, languages, art, architecture, music, and customs of the Native American peoples.